ETMutualFunds analysis reveals two schemes turning Rs 10 lakh into Rs 1 crore under Modi-led government. Nippon India Small Cap Fund and SBI Small Cap Fund deliver impressive CAGRs. Investors should consider risk appetite and goals before making investment decisions.
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Nippon India Small Cap Fund(G) which predominantly invests in smallcap stocks has given extended internal rate of returns (XIRR) of over 37% according to data sourced from Ace Equities, earning Rs 8.80 lakh on the total investment of Rs 6 lakh made between February 22, 2019 and February 22, 2024. Meanwhile, the 5-year CAGR returns stand at 30.57%.
The general perception is that spreading bets thinly dilutes the returns. It doesnt allow winners enough heft to influence fund returns. Far from getting bogged down, Nippon India Small Cap has put on a stellar performance despite its sharp weight gain. With several over-diversified funds giving good returns, large size may not be a red flag any longer.
The general perception is that spreading bets thinly dilutes the returns. It doesnt allow winners enough heft to influence fund returns. Far from getting bogged down, Nippon India Small Cap has put on a stellar performance despite its sharp weight gain. With several over-diversified funds giving good returns, large size may not be a red flag any longer.